黑洞社区

Architect Broadway Malyan has reported a jump in pre-tax profit of 25% after successful expansion in the UK and Europe.

Pre-tax profit at Broadway Malyan Holdings, which has offices in Portugal, Spain and Poland, increased to 拢1.73m for the period ending April 2006, compared with 拢1.38m for the same period the year before. Turnover at the firm, which employs 413 people, rose 10% to 拢31m, compared with 拢29m the previous year.

Gary Whittle, UK director, said the firm鈥檚 expansion plan was starting to pay off but that it had only had a 鈥渞easonable鈥� year. He said: 鈥淭his year鈥檚 profit increase is down to recent expansion, and the maturing of our European performance and regional offices. Mann Island in Liverpool was generated from our Manchester office, which we began investing in nearly 10 years ago.鈥�

He added: 鈥淲e don鈥檛 feel we had a particularly good year. We鈥檝e had better profit on reduced turnover previously. But we鈥檙e in a strong position. We鈥檝e increased turnover and retain profitability.鈥�

Last tax year, 3% of turnover came from the rest of the world, compared with none the previous year; 14% came from Europe and 83% from the UK.

The firm鈥檚 15 directors were paid 拢1.9m, compared with 拢2.3m last year. The directors recommended a dividend of 24p a share, amounting to 拢120,120.